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- kizzekizze
  ·2023-10-24
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  Nikola Awarded $165 Million in Arbitration Proceeding With Founder Trevor Milton
  Nikola Corp. has been awarded $165 million in an arbitration proceeding with its founder and former executive chairman, according to a regulatory filing.The electric and hydrogen-powered heavy truck m
  Nikola Awarded $165 Million in Arbitration Proceeding With Founder Trevor Milton
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- kizzekizze
  ·2023-10-13
  Share your opinion about this news…
  OpenAI's Revenue Skyrockets to $1.3 Billion Annualized Rate
  OpenAI, the company behind the viral conversational AI ChatGPT, is experiencing explosive revenue growth. The Information reports that CEO Sam Altman told the staff this week that OpenAI's revenue is
  OpenAI's Revenue Skyrockets to $1.3 Billion Annualized Rate
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arbitration proceeding with its founder and former executive chairman, according to a regulatory filing.</p><p style=\"text-align: start;\">The electric and hydrogen-powered heavy truck maker said in a filing with the Securities and Exchange Commission that it sought reimbursement from Trevor Milton for costs and damages related to actions that were part of government and regulatory investigations, including a December 2021 SEC settlement and associated civil penalty.</p><p style=\"text-align: start;\">Milton previously pleaded not guilty to securities and wire fraud. The former executive, who resigned from Nikola in 2020, was found guilty on three of four counts of fraud in October 2022. In August he lost a bid for a new trial, according to several media reports.</p><p style=\"text-align: start;\">Nikola’s stock price plunged in 2020 and investors suffered heavy losses as reports questioned Milton’s claims that the company had already produced zero-emission 18-wheel trucks.</p><p style=\"text-align: start;\">The company paid $125 million in 2021 to settle a civil case against it by the SEC. Nikola didn’t admit any wrongdoing.</p><p style=\"text-align: start;\">Nikola said in the filing that it plans to file with the arbitration panel an application to recover attorneys&#39; fees related to the matter.</p><p style=\"text-align: start;\">Shares of the Phoenix-based company soared more than 17% in morning trading on Tuesday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44b5629a7b751837cbab6775d485ac9b\" tg-width=\"603\" tg-height=\"607\"/></p><p></p></body></html>","source":"lsy1642508350625","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nikola Awarded $165 Million in Arbitration Proceeding With Founder Trevor Milton</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNikola Awarded $165 Million in Arbitration Proceeding With Founder Trevor Milton\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-24 22:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/nikola-awarded-165-million-arbitration-141548254.html><strong>The Associated Press</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nikola Corp. has been awarded $165 million in an arbitration proceeding with its founder and former executive chairman, according to a regulatory filing.The electric and hydrogen-powered heavy truck ...</p>\n\n<a href=\"https://finance.yahoo.com/news/nikola-awarded-165-million-arbitration-141548254.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKLA":"Nikola Corporation"},"source_url":"https://finance.yahoo.com/news/nikola-awarded-165-million-arbitration-141548254.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127167291","content_text":"Nikola Corp. has been awarded $165 million in an arbitration proceeding with its founder and former executive chairman, according to a regulatory filing.The electric and hydrogen-powered heavy truck maker said in a filing with the Securities and Exchange Commission that it sought reimbursement from Trevor Milton for costs and damages related to actions that were part of government and regulatory investigations, including a December 2021 SEC settlement and associated civil penalty.Milton previously pleaded not guilty to securities and wire fraud. The former executive, who resigned from Nikola in 2020, was found guilty on three of four counts of fraud in October 2022. In August he lost a bid for a new trial, according to several media reports.Nikola’s stock price plunged in 2020 and investors suffered heavy losses as reports questioned Milton’s claims that the company had already produced zero-emission 18-wheel trucks.The company paid $125 million in 2021 to settle a civil case against it by the SEC. Nikola didn’t admit any wrongdoing.Nikola said in the filing that it plans to file with the arbitration panel an application to recover attorneys' fees related to the matter.Shares of the Phoenix-based company soared more than 17% in morning trading on Tuesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":229906356318320,"gmtCreate":1697171322393,"gmtModify":1697175326822,"author":{"id":"4091238277199530","authorId":"4091238277199530","name":"kizze","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4091238277199530","authorIdStr":"4091238277199530"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/229906356318320","repostId":"1150459361","repostType":2,"repost":{"id":"1150459361","pubTimestamp":1697168995,"share":"https://ttm.financial/m/news/1150459361?lang=&edition=fundamental","pubTime":"2023-10-13 11:49","market":"us","language":"en","title":"OpenAI's Revenue Skyrockets to $1.3 Billion Annualized Rate","url":"https://stock-news.laohu8.com/highlight/detail?id=1150459361","media":"Maginative","summary":"OpenAI, the company behind the viral conversational AI ChatGPT, is experiencing explosive revenue growth. The Information reports that CEO Sam Altman told the staff this week that OpenAI's revenue is ","content":"<html><head></head><body><p>OpenAI, the company behind the viral conversational AI ChatGPT, is experiencing explosive revenue growth. The Information reports that CEO Sam Altman told the staff this week that OpenAI&#39;s revenue is now crossing $1.3 billion on an annualized basis. This means the company is generating over $100 million per month—a 30% increase from just this past summer.</p><p style=\"text-align: start;\">Since the launch of a paid version of ChatGPT in February, OpenAI&#39;s financial growth has been nothing short of meteoric. Additionally, in August, the company announced the launch of ChatGPT Enterprise, a commercial version of its popular conversational AI chatbot aimed at business users.</p><p style=\"text-align: start;\">For comparison, OpenAI&#39;s total revenue for all of 2022 was just $28 million. The launch of ChatGPT has turbocharged OpenAI&#39;s business, positioning it as a bellwether for demand for generative AI.</p><p>To contextualize OpenAI&#39;s revenue further, consider one of its closest competitors, AI startup Anthropic. Last week, reports emerged that Anthropic is seeking to raise $2 billion more at a valuation of $20 to $30 billion. However, the company has reached only $100 million in annualized revenue—about $8 million monthly.</p><p style=\"text-align: start;\">This puts Anthropic&#39;s current revenue at less than 1% of OpenAI&#39;s staggering $1.3 billion run rate. While both companies offer comparative products, the market success of ChatGPT has propelled OpenAI far ahead for now.</p><p style=\"text-align: start;\">ChatGPT has become the poster child to showcase how large language models are transitioning from research projects to practical tools. Although not perfect, conversational AI assistants like ChatGPT can write code, search the internet, and summarize documents.</p><p style=\"text-align: start;\">OpenAI CEO Sam Altman has referred to LLMs as the next software &#34;operating system&#34; due to their versatility. The technology still faces challenges with accuracy and present bias, but its capabilities make it highly sought after.</p><p style=\"text-align: start;\">Major enterprises like Microsoft, Stripe, Volvo, and IKEA are already using OpenAI&#39;s premium LLM product GPT-4. Next month, OpenAI plans to announce upgrades to ChatGPT and other performance improvements at its first developer event.</p><p style=\"text-align: start;\">The significant upswing in revenue will likely drive up OpenAI&#39;s private valuation in an upcoming tender offer. The Wall Street Journal reported that the company&#39;s total valuation might soon be pegged at an impressive $80 - $90 billion.</p><p style=\"text-align: start;\">For now, OpenAI seems poised to maintain momentum despite emerging competition from Google and Anthropic. But sustaining growth long-term could require solving the high computing costs of developing and running LLMs.</p><p style=\"text-align: start;\">Nonetheless, for a company that generated just $28 million last year, OpenAI&#39;s explosion to a $1.3 billion revenue run rate in mere months is a dramatic success story. The startup&#39;s continued growth underscores the disruptive potential of large language models.</p></body></html>","source":"lsy1697165573594","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>OpenAI's Revenue Skyrockets to $1.3 Billion Annualized Rate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOpenAI's Revenue Skyrockets to $1.3 Billion Annualized Rate\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-10-13 11:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.maginative.com/article/openais-revenue-skyrockets-to-1-3-billion-annual-rate/><strong>Maginative</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>OpenAI, the company behind the viral conversational AI ChatGPT, is experiencing explosive revenue growth. The Information reports that CEO Sam Altman told the staff this week that OpenAI's revenue is ...</p>\n\n<a href=\"https://www.maginative.com/article/openais-revenue-skyrockets-to-1-3-billion-annual-rate/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.maginative.com/article/openais-revenue-skyrockets-to-1-3-billion-annual-rate/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150459361","content_text":"OpenAI, the company behind the viral conversational AI ChatGPT, is experiencing explosive revenue growth. The Information reports that CEO Sam Altman told the staff this week that OpenAI's revenue is now crossing $1.3 billion on an annualized basis. This means the company is generating over $100 million per month—a 30% increase from just this past summer.Since the launch of a paid version of ChatGPT in February, OpenAI's financial growth has been nothing short of meteoric. Additionally, in August, the company announced the launch of ChatGPT Enterprise, a commercial version of its popular conversational AI chatbot aimed at business users.For comparison, OpenAI's total revenue for all of 2022 was just $28 million. The launch of ChatGPT has turbocharged OpenAI's business, positioning it as a bellwether for demand for generative AI.To contextualize OpenAI's revenue further, consider one of its closest competitors, AI startup Anthropic. Last week, reports emerged that Anthropic is seeking to raise $2 billion more at a valuation of $20 to $30 billion. However, the company has reached only $100 million in annualized revenue—about $8 million monthly.This puts Anthropic's current revenue at less than 1% of OpenAI's staggering $1.3 billion run rate. While both companies offer comparative products, the market success of ChatGPT has propelled OpenAI far ahead for now.ChatGPT has become the poster child to showcase how large language models are transitioning from research projects to practical tools. Although not perfect, conversational AI assistants like ChatGPT can write code, search the internet, and summarize documents.OpenAI CEO Sam Altman has referred to LLMs as the next software \"operating system\" due to their versatility. The technology still faces challenges with accuracy and present bias, but its capabilities make it highly sought after.Major enterprises like Microsoft, Stripe, Volvo, and IKEA are already using OpenAI's premium LLM product GPT-4. Next month, OpenAI plans to announce upgrades to ChatGPT and other performance improvements at its first developer event.The significant upswing in revenue will likely drive up OpenAI's private valuation in an upcoming tender offer. The Wall Street Journal reported that the company's total valuation might soon be pegged at an impressive $80 - $90 billion.For now, OpenAI seems poised to maintain momentum despite emerging competition from Google and Anthropic. But sustaining growth long-term could require solving the high computing costs of developing and running LLMs.Nonetheless, for a company that generated just $28 million last year, OpenAI's explosion to a $1.3 billion revenue run rate in mere months is a dramatic success story. The startup's continued growth underscores the disruptive potential of large language models.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}